Buyer keen on three Greenland penthouses

A buyer is considering paying $25 million to combine three penthouses in Sydney’s tallest residential tower, which is currently being sold off the plan.

There will be six three- and four-bedroom penthouses on levels 81 and 82 of Greenland Centre in Bathurst Street.

Prices for the penthouses, which are all single level and range in size from 180 to 300 square metres internally, start at $5.6 million with the most expensive being $9.7 million.

But price is clearly no obstacle for this buyer, who wants to create one huge luxury residence. “He lives off shore but spends three to six months a year in Sydney,” says David Milton, the managing director of selling agents CBRE.

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If the sale proceeds, it will smash the Sydney record for an apartment.

Almost exactly a year ago, Domain reported that the chief investment officer of boutique fund manager Caledonia Investments, Will Vicars, had paid $21 million off-the-plan at Bondi Beach. He'd bought two adjoining two-storey "lighthouse" penthouses at the Pacific Bondi Beach development to create one super apartment.

At Greenland Centre, the design by BVN Donovan Hill and Woods Bagot includes floor-to-ceiling windows revealing views of the harbour, ocean, Blue Mountains and the city.

Mr Milton says penthouses are always very special but what makes the Greenland Centre penthouses particularly unique is the height and the views.

“From the penthouses you have 180-270-degree views and you actually look down on the Harbour Bridge,” said Mr Milton.

Another point of difference is the “Sydney balconies”; a striking design for ventilated glass-walled balconies off the living areas. “It’s so clever in its design that it allows you to use the balcony as an indoor-outdoor space year ‘round,” said Mr Milton.

The interiors include gas fireplaces, extensive timber joinery and butler’s kitchens. One penthouse has dual entry to allow privacy for a maid, nanny, caterer or house guests.

So far, 400 apartments of the planned 500 apartments in the $600-million dollar development by Shanghai-based Greenland Group have sold off the plan. Prices started at a little more than $500,000.

More than 60 per cent of buyers have been owner-occupiers.

The project includes the conversion of the adjoining heritage-listed art deco former Water Board building into a 180-bedroom, five-star hotel. The Greenland Centre will have retail and commercial spaces along with concierge services and a pool.

Registered buyers will be invited to a VIP event later this month to select from the penthouses and a small number of three-bedroom apartments.